Update on the Vioxx Settlement Program
Posted by admin on January 4, 2010 under vioxx, vioxx settlements | 
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The Vioxx Claims Administrator continues to review claims and is on pace to complete its review of the heart attack claims by the end of September 2009. Since the Settlement Program’s inception, the Claims Administrator has reviewed over 30,000 heart attack claims and, by the date of this publication, will have issued interim settlement payments to over 19,000 victims of Vioxx-related heart attacks and their families. These interim settlement payments represent over $1.5 billon being distributed to Vioxx heart attack victims since payments started in August 2008. This remarkable feat is a testament to the efficiency of the Settlement Program.
Once the Claims Administrator finalizes its evaluations of the remaining heart attack claims, a final point value will be calculated. The Claims Administrator will then issue final settlement payments based upon the final point value. The Vioxx Claims Administrator has represented to the Court that the Settlement Program is currently on track for the final settlement payments for the heart attack claims to be calculated by September 30, 2009. We expect to issue final settlement checks in October 2009 to most of our clients who have been deemed eligible for compensation for their Vioxx-related heart attacks.
As of July 30, 2009, interim settlement payments have been issued to 2,086 stroke claims, and interim payments are expected in an additional 248 stroke claims in August 2009. This represents over $70 million being distributed to victims of Vioxx-related strokes and their families since payments started in February 2009. The Claims Administrator will continue reviewing stroke claims until all stroke claims are evaluated. We do not expect final settlement payments for stroke claims until sometime next year.
The Vioxx Claims Administrator continues to review claims and is on pace to complete its review of the heart attack claims by the end of September 2009. Since the Settlement Program’s inception, the Claims Administrator has reviewed over 30,000 heart attack claims and, by the date of this publication, will have issued interim settlement payments to over 19,000 victims of Vioxx-related heart attacks and their families. These interim settlement payments represent over $1.5 billon being distributed to Vioxx heart attack victims since payments started in August 2008. This remarkable feat is a testament to the efficiency of the Settlement Program.
Once the Claims Administrator finalizes its evaluations of the remaining heart attack claims, a final point value will be calculated. The Claims Administrator will then issue final settlement payments based upon the final point value. The Vioxx Claims Administrator has represented to the Court that the Settlement Program is currently on track for the final settlement payments for the heart attack claims to be calculated by September 30, 2009. We expect to issue final settlement checks in October 2009 to most of our clients who have been deemed eligible for compensation for their Vioxx-related heart attacks.
As of July 30, 2009, interim settlement payments have been issued to 2,086 stroke claims, and interim payments are expected in an additional 248 stroke claims in August 2009. This represents over $70 million being distributed to victims of Vioxx-related strokes and their families since payments started in February 2009. The Claims Administrator will continue reviewing stroke claims until all stroke claims are evaluated. We do not expect final settlement payments for stroke claims until sometime next year.
